What FAFSA is used for winter 2023?

The FAFSA form you fill out should correspond with the school year you're seeking aid for. For example, if you're applying for financial aid for the 2023‒24 school year (July 1, 2023, to June 30, 2024), submit the 2023‒24 FAFSA form.

Which FAFSA do i fill out for winter 2023?

For example, if your classes begin in the Summer 2023, Fall 2023 or Spring 2024 semesters, submit the FAFSA for the 2023-2024 academic year. If your program of study begins with classes in the Summer 2024, Fall 2024 or Spring 2025 semesters, please submit the FAFSA for the 2024-2025 academic year.

What tax year will FAFSA use for 2023?

Federal income tax returns, W-2s, and/or other records of money earned. If you're applying in the 2023─24 Award Year, use your 2021 tax return and other documents.

What tax year is used for FAFSA 2024 25?

You and your contributors may need to answer FAFSA questions about untaxed income, such as child support and interest income. Remember: On the 2024–25 FAFSA form, you'll use 2022 tax or calendar year information to answer these questions.

Is 2024-2025 FAFSA open?

The 2024–25 FAFSA^® form will be available in December 2023, not Oct. 1. Learn how to prepare for and stay informed about the FAFSA launch.

FAFSA ORSAA Updates Winter 2023

What tax year do I use for FAFSA?

The federal income tax return you should use is the return you filed 2 years before the current academic year. For example, when applying for aid for the 2023-2024 academic year, you'll be asked for your 2021 tax information. For the 2024–2025 academic year, you'll be asked for your 2022 tax information. And so on.

Is 2024-2025 FAFSA based on 2023 taxes?

Federal Tax Information

Award year 2024-25 is based on 2022 tax year information from the IRS) Tax Filing Status. Adjusted Gross Income (AGI) Number of Exemptions and Number of Dependents.

Does FAFSA 2024-2025 cover summer 2024?

Starting with the 2024-2025 school year (Fall 2024, Spring 2025, & Summer 2024), students and families will see a different measure of how their financial aid eligibility is calculated.

What months does the 2023 FAFSA cover?

For example, for the 2023 - 2024 FAFSA the 2023 - 2024 award year is July 1, 2023 through June 30, 2024. So the federal deadline for the 2023 - 2024 FAFSA is June 30, 2024. The federal deadline for the 2024-2025 FAFSA is June 30, 2025.

Does FAFSA open in December?

But all the changes delayed the release of the FAFSA by three months, giving students less time to complete the process. The FAFSA usually is available starting on October 1. This year it will launch by December 31.

Am I screwed if I miss the FAFSA deadline?

If you miss the FAFSA deadline, you may not be eligible to access some forms of financial aid for that academic year. You can, however, still pursue alternative routes such as scholarships, private loans and grants. You can also contact your school or look into state or local financial aid programs for assistance.

Which FAFSA do i fill out for january 2024?

The 2024–25 Free Application for Federal Student Aid (FAFSA^®) form is now available. You can complete the form to apply for financial aid to help pay for attendance at college between July 1, 2024, and June 30, 2025.

How do I know which FAFSA to fill out?

The FAFSA form you fill out should correspond with the school year you're seeking aid for. For example, if you're applying for financial aid for the 2023‒24 school year (July 1, 2023, to June 30, 2024), submit the 2023‒24 FAFSA form.

How many semesters does FAFSA cover?

You'll also need to complete the FAFSA form every year you want to receive aid. Once you've earned your bachelor's degree, or you have used up the 12 semesters (about six years) of eligibility, you will not be able to receive a Federal Pell Grant.

Is 2024 FAFSA open yet?

That's right—the FAFSA form will launch by Dec. 31, 2023. The federal deadline to submit the 2024–25 FAFSA form will be June 30, 2025. Some states and colleges have their own deadlines for financial aid, so check for updates at StudentAid.gov/fafsa-deadlines.

Is FAFSA first come first serve?

Each October, the FAFSA is available for the next school year. It is best to fill it out as early as you can because some aid is first come, first served. When you complete the FAFSA, you'll need to provide personal and tax information.

How much is the Pell Grant for 2024-2025?

Although $7,395 is the maximum Pell Grant Scheduled Award for the 2024-2025 award year, institutions are reminded that a student may be eligible to receive Pell Grant funds for up to 150 percent of the student's Pell Grant Scheduled Award for an award year.

What if I filled out the wrong FAFSA year?

If you filed for the wrong year, then you'll need to submit a new FAFSA form for the correct award year to be eligible for federal student aid.

What is the deadline to file FAFSA 2024?

To be considered for federal student aid for the 2023–24 award year, you can complete a Free Application for Federal Student Aid (FAFSA^®) form between Oct. 1, 2022, and 11:59 p.m. Central time (CT) on June 30, 2024. Any FAFSA corrections or updates must be submitted by 11:59 p.m. CT on Sept. 14, 2024.

When should I fill out FAFSA for fall 2024?

Key FAFSA deadlines

Each year, the FAFSA form for the next academic year becomes available on October 1. That means, if you plan on starting college in the fall of 2024, your FAFSA form will be available on October 1, 2023 and will be due on June 30, 2024 by 11:59 p.m. CT.

Why does FAFSA use 2 year old taxes?

Using an earlier tax year for determining aid eligibility makes it significantly simpler for families to complete their FAFSA, because they will are using information from tax records that had been completed and processed by the IRS many months earlier.

Can I complete FAFSA without tax return?

To avoid delays in processing your application, you should have a completed income tax return. However, if you or your parents have not yet filed taxes, you can estimate the tax information by using your W-2 forms.

What tax year does FAFSA use for 2025 26?

The 2025-26 FAFSA will use tax year 2023 data.